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Author Topic: [ANN] EDC Blockchain - global platform with its own cryptocurrency  (Read 12262 times)
simpsons_support
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July 01, 2019, 08:40:49 AM
 #741




Proof of Stake VS Proof of Work: Which Mining Method Is Better?


A specific algorithm is used when mining cryptocurrency. On the Internet, controversy continues which algorithm is better: Proof-of-Work or Proof-of-Stake. The answer is simple as usual. Let us see.


PROOF-OF-WORK: “UNLUCKY” NUMBER 51

Proof-of-Work is the first algorithm used to mine cryptocurrency, although it was created for another purpose, such as protecting the server from DDoS attacks and spam. The essence of PoW is in carrying out complex computational operations using computer technology. In the crypto field, this is a mechanism to confirm the fact that mining is actually carried out.

Proof-of-Work is a secure time-tested algorithm. It is used in the Bitcoin, Litecoin and Ethereum systems, although Ethereum is about to switch to PoS.

But why does PoW start leaning back? In addition to the large cost of electricity,  51% is the first association that arises from using the Proof-of-Work algorithm.

This is the fact that having 51% of the computing power, a user can “rewrite” the history of the coin for themselves. Could you imagine that a multimillionaire can buy a supercomputer, connect a power station to it, and do with cryptocurrency whatever they want? Does it sound unreal?

Thus, once upon a time, a man did not even consider it possible to travel to the moon. Absolutely everything is only a matter of time.


PROOF-OF-STAKE: PERFECT BUT...

Now the entire online community is excited about the idea of ​​switching to Proof-of-Stake algorithm. Take note, that the PoW method was created before the appearance of cryptocurrency in order to protect the server, while PoS was developed specifically for the cryptocurrency. The essence of the work of PoS is that a user does not need to use computing power to get new coins. They need to deposit some of their coins into the network, i.e., a share that will be used to conduct transactions. The reward for confirming new blocks in the network is given to the participant who has left a large amount or has been keeping funds in the network for a long time.

Let's get back to our example with a multimillionaire, very powerful computer and power station. The fact is that when using PoS, such a sequence of actions is illogical. If they want to attack the entire network, they will have to accumulate a significant portion of the cryptocurrency on their balance sheet, which makes the attack inadvisable from a financial point of view. Moreover, since the attacker has accumulated a lot of coins, they will suffer from their own attack, because it will negatively affect the entire ecosystem of cryptocurrency.

In general, the Proof-of-Stake seems to have a number of obvious advantages: higher validation speed, lower resources for protection, lower commissions.

However, only holders of a certain amount of coins can add blocks to the blockchain. Not everyone has the opportunity to participate in the maintenance of the chain, and respectively, to receive rewards.


EVOLUTION CONTINUES

When Proof of Work ceased to be effective, Proof of Stake was created. Therefore, the search for solutions in this niche continues. New algorithms that offer alternative deficiencies are appearing. The hybrid LPoS (Leased Proof-of-Stake) algorithm, i.e., “leased proof of ownership interest”, is one of the most notable developments. 

This consensus mechanism has its significant advantages: for example, it attracts all users, regardless of their stack, to work on protecting and securing the network, and distributes the reward fairly, as each participant receives their share in proportion to their contribution. This is an excellent opportunity even for owners of a small number of coins to get a stable profit.

The essence of the algorithm is that owners of smaller amounts of cryptocurrency rent their coins to full-fledged nodes, while the nodes form a block, therefore, the owners receive their share of the total reward. This principle is similar to mining pools, which now serve almost the entire Bitcoin network. Due to the initiation and stimulation of network members with smaller amounts, the level of its security is also increased.

The EDC cryptocurrency is one of the few pioneers which is switching its mining algorithm to the LPoS algorithm. All coin holders are merged into masternodes.

Masternode is a certain kind of fund in which users donate their coins, thereby allowing the node to mine EDC and bring profit to all participants of the fund. It captures the number of coins and provides network security when implementing important functions, such as instant confirmation of transactions, as well as ensuring network voting.

EDC mining is simple and effective: you can simply lease your coins to a masternode. You do not need to keep your personal account open, waste resources and conduct daily transactions. The masternode will start mining and automatically distribute profits among users in proportion to their contribution.

You are guaranteed to automatically receive daily accruals on your EDC wallet and freely manage these coins at your discretion.


What conclusions can we come to?

As a result, cryptocurrency mining algorithms are constantly improving. Currently, a hybrid LPoS algorithm, which distributes profits among all users and practically does not consume your electricity, is the most effective option.

Be sure to try EDC mining, and we are sure you will appreciate the efficiency and safety of this algorithm.




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July 01, 2019, 06:29:11 PM
 #742

Community support is needed to develop any project. It is important that people consider the project useful for themselves and actively use its services.
It is essential to have a community backed project. There is an important rule in this industry: For creating demand teams need to promote the project.
Creating artificial community support is not desirable. Many projects have created huge communities at the expense of the airdrops and bounty. This toxic community later lowers the price of the project asset.
The best way to promote a project is to create a demanded product.

EDC Blockchain does not counduct ICO and IEO. It already has a ready products. EDC Blockchain grows thanks leasing program.

▂▅▆▇█ ◕ ◕ ◕ ◕ ◕ ELECTRONIC-OIL ◕ ◕ ◕ ◕ ◕ █▇▆▅▂
▂▅▆▇█ Production and sale of industrial equipment for mining digital currency █▇▆▅▂ 
▂▅▆▇█ ◕ YOUTUBE ◕ ██ ◕  ██ ◕ electronic-oil.com ◕   ██ ◕  ██ ◕ BITCOINTALK ◕ █▇▆▅▂
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July 01, 2019, 06:47:43 PM
 #743

Community of EDC Blockhain is actively growing. There are a lot of offline promition of EDC blockain and team doing a lot.

I participate in leasing program and I see how actively developing the community here. For me it is very good that there are a lot of news.

I participate in leasing program too. I thing it is a good way to create a big community thanks leasing program, because a lot of people want to get more profit.
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July 01, 2019, 07:02:35 PM
 #744

Leasing program and LPoS mining is very good to create a big community, but project must develops by itself and create a new products.

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July 01, 2019, 07:21:27 PM
 #745

Leasing program and LPoS mining is very good to create a big community, but project must develops by itself and create a new products.

EDC Blockchain does a lot for development. As I see they pay most attention to develop the community in different regions.
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July 01, 2019, 07:44:54 PM
 #746

A good project. Here I partisipate in leasing program. I like how it is developing and desided to participate in leasing program.
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July 01, 2019, 09:47:43 PM
 #747


The correction is inevitable, but I think that it will not be very big. It makes no sense at the moment to lower the price below $ 10k.
By now you are right. BTC has not been corrected below 10K5. But it is quite possible that the BTC may fall below 10K for some time.
Soon the stock market will have a quarterly reporting season. This could trigger new big moves in the crypto market. Hopefully, the correction will end at that time.

The other day, the big player has closed 20,000 BTC shorts. Everyone was waiting for it to somehow dramatically affect the market. But we see a completely different curtain, there is a correction but not a fall.
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July 01, 2019, 10:37:16 PM
 #748

Community of EDC Blockhain is actively growing. There are a lot of offline promition of EDC blockain and team doing a lot.

I participate in leasing program and I see how actively developing the community here. For me it is very good that there are a lot of news.

I participate in leasing program too. I thing it is a good way to create a big community thanks leasing program, because a lot of people want to get more profit.

I understand that this company encourages investors to keep their coins and not sell them. And if for example the course goes down, do you think that this same system will stimulate investors to sell their coins even more intensively?

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July 02, 2019, 05:27:08 AM
 #749

A good project. Here I partisipate in leasing program. I like how it is developing and desided to participate in leasing program.
Yes, this is a good option for making money. Many speak positively about this program.

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July 02, 2019, 06:19:12 AM
 #750

Leasing program and LPoS mining is very good to create a big community, but project must develops by itself and create a new products.

EDC Blockchain does a lot for development. As I see they pay most attention to develop the community in different regions.

Forgetting exposure they need to implement some PR activity about the developments and developments should get more exposure in this way, they can easily attract more community to support this project. Once the company has the ability to develop the product, they need to market it in a different way to attract customers.
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July 02, 2019, 11:34:56 AM
 #751




Join the EDC Blockchain Youtube Channel!


Our first video report on all current news and events of the EDC Blockchain company and ECROFund project is already on our official YouTube channel!




Right from the exotic island of Hainan, our enchanting presenter prepared a digest in which you will learn:

1) What bonus is now available for community partners;
2) At which global summit you can hear the live performance of the EDC Blockchain CEO;
3) In which countries the development of the community is most active for now;
4) How has the coins leasing functionality improved;
And many more nice innovations that you will totally want to share with your partners!

Don’t forget to subscribe to the channel and press “Like”, if you enjoy!!

See you in our new videos!




via https://blockchain.mn

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July 02, 2019, 04:04:52 PM
 #752

Leasing program and LPoS mining is very good to create a big community, but project must develops by itself and create a new products.

EDC Blockchain does a lot for development. As I see they pay most attention to develop the community in different regions.

Forgetting exposure they need to implement some PR activity about the developments and developments should get more exposure in this way, they can easily attract more community to support this project. Once the company has the ability to develop the product, they need to market it in a different way to attract customers.

I was looking for EDC Blockchain for a lot time. It was development good and that is why I decided to participate in leasing program.
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July 02, 2019, 04:11:12 PM
 #753


I understand that this company encourages investors to keep their coins and not sell them. And if for example the course goes down, do you think that this same system will stimulate investors to sell their coins even more intensively?
And the price falls. I think this is due to the fact that the holders sell part of the profits. I see no other reason, other than reinvestment, for the desire of investors to hold their EDC.

After the raise always the price falls because traiders wants to fix the profit and sell the tokens. In leasing program users only can sell the profit. It is good for stabilization of the project.
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July 02, 2019, 04:57:29 PM
 #754


I understand that this company encourages investors to keep their coins and not sell them. And if for example the course goes down, do you think that this same system will stimulate investors to sell their coins even more intensively?
And the price falls. I think this is due to the fact that the holders sell part of the profits. I see no other reason, other than reinvestment, for the desire of investors to hold their EDC.

After the raise always the price falls because traiders wants to fix the profit and sell the tokens. In leasing program users only can sell the profit. It is good for stabilization of the project.

When prices of Bitcoin falled prices of EDC raised and volumes of token trade increased. It mean than the price of EDC does not too much dependent from Bitcoin.
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July 02, 2019, 05:00:41 PM
 #755

According data of blockhain there are USERS 1 218 076 in the ecosystem of EDC Blockhain. Ecosystem is big, that is why it is so stable.
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July 02, 2019, 05:11:34 PM
 #756

According data of blockhain there are USERS 1 218 076 in the ecosystem of EDC Blockhain. Ecosystem is big, that is why it is so stable.

It is hard to create so big community now. But EDC blockchain started to work in 2015/ That is why the community is so big.
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July 02, 2019, 05:18:25 PM
 #757

According data of blockhain there are USERS 1 218 076 in the ecosystem of EDC Blockhain. Ecosystem is big, that is why it is so stable.

It is hard to create so big community now. But EDC blockchain started to work in 2015/ That is why the community is so big.

As for me it is very good that EDC Blockhain has so big community and it start to develop form 2015. It has a long history and did a lot for ecosystem.

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July 02, 2019, 05:37:43 PM
 #758


I understand that this company encourages investors to keep their coins and not sell them. And if for example the course goes down, do you think that this same system will stimulate investors to sell their coins even more intensively?
And the price falls. I think this is due to the fact that the holders sell part of the profits. I see no other reason, other than reinvestment, for the desire of investors to hold their EDC.

After the raise always the price falls because traiders wants to fix the profit and sell the tokens. In leasing program users only can sell the profit. It is good for stabilization of the project.

If a coin is traded on an exchange, then any people can buy and sell it, regardless of whether they are users of this project or not.
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July 02, 2019, 05:45:43 PM
 #759

___________________________________________
The other day, the big player has closed 20,000 BTC shorts. Everyone was waiting for it to somehow dramatically affect the market. But we see a completely different curtain, there is a correction but not a fall.
Closing short positions in the market causes a rise in prices. When it was? Provide a source, if known, please.

I meant that a major player closed his short position, he did not liquidate him, that is, he changed his mind. And from this you can draw conclusions about the mood of the market.
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July 03, 2019, 05:17:00 AM
 #760

As for me it is very good that EDC Blockhain has so big community and it start to develop form 2015. It has a long history and did a lot for ecosystem.
Yes, the work of the guys is visible and clear that they have been trying very hard for a long time. It will be very interesting to see the final result.

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